Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Saturday, August 3, 2013

Man 'spying for Turkey' arrested in Greece

Hurriyet Daily News

Man 'spying for Turkey' arrested in Greece
ITV News
A 72-year old German man has been arrested on a Greek island on suspicion of spying for Turkey, police have told Reuters. The man told police he had photographed military barracks on the island of Chios for a group of people he believed were Turkish ...
BUSINESS > Turkish gov't points at opportunities in GreeceHurriyet Daily News
Greece police arrest German man suspected of spying for TurksPress TV
Turks Advised to Invest in GreeceGreek Reporter -Anchorage Daily News
all 17 news articles »


Greek Singer Mimics Stevie Wonder

A 47-year-old Greek female singer dressed herself in blackface and pretended to be blind in an impersonation of the American singer Stevie Wonder during an appearance on a reality show called Your Face Sounds Familiar, drawing criticism from some who saw her. As part of her act, she had a stage hand help her down the stairs to the instrument she was playing. The singer calls herself Mando and ...


Greek boy 13 arrested for allegedly pushing two younger nephews to their deaths in irrigation canal out of jealousy

ATHENS -- A 13-year-old boy has been arrested in Greece accused of intentionally pushing his two younger nephews into an irrigation channel and leaving them to ...


Turks Advised to Invest in Greece

reportedly set to snap up Greece’s beleaguered former national carrier Olympic , the Turkish Ministry of Economy is advising businessmen to invest in Greece fast, citing ';bargain'; opportunities with businesses wracked by a deep recession and the government set to sell of properties and state enterprises for what critics said is far less than their value in a desperate bid to ...


German Arrested on Chios for Spying

A 72-year-old German man was arrested on Aug. 2 by the police on the Greek island of Chios and charged with spying. It came days after six men, three Greeks and three Turks, were arrested after a speedboat off the island carrying weapons and believed headed for Turkey was stopped. They were charged with terrorism. After examining the two cameras of the elderly German man, as well as memory cards ...


Man caught with stolen road signs

Police in Elassona, central Greece, discovered five stolen road signs on the property of a 48-year-old ...


Use of generic drugs still way below target

The Health Ministry is exploring ways to increase the use of generic drugs, as the rate of sales has increased to just 23 percent this year from 18.5 percent in 2011, compared to the 60 percent target set by foreign creditors for the end of 2013.Greece has pledged to slash spending on medicines by promoting the prescription of the active agent rather than more expensive brand-name ...


Halkidiki nightclub ordered to shut down for 48 hours for tax evasion

A nightclub in the area of Kallithea, in Halkidiki, northern Greece, was ordered to shut down for 48 hours early on Saturday after Financial Crimes Squad (SDOE) officers discovered a string of tax code violations during an inspection on the business.The venue was hosting a series of appearances by a popular Greek ...


Greek police arrest German on suspicion of spying

ATHENS (Reuters) - A 72-year-old German man has been arrested on a Greek island on suspicion of spying for Turkey, police said on Saturday. The man told police he had photographed barracks and other military-related buildings on the island of Chios for five people he believed were Turkish nationals who paid him up to 1,500 euros ($2,000) for each assignment. Police suspect the individuals worked ...


Gerrard enjoys Greek gifts in testimonial

Gerrard enjoys Greek gifts in testimonial
Liverpool supporters paid tribute to captain Steven Gerrard as their Reds continued preparations for the start of the English Premier League season with a 2-0 victory over Greek side Olympiacos on Saturday. The Anfield friendly served as a testimonial ...
Liverpool vs Olympiakos Piraeus LIVE India
Liverpool 2-0 Olympiacos - as it happenedSports Mole
Liverpool and Olympiacos bound by glory and tragedySports News Now

all 115 news articles »


Filming of Al Pacino movie breaks out in middle of concert by Chicago


Pacino movie films in middle of concert by Chicago

by BETH HARRIS, Associated Press - 3 August 2013 10:52-04:00

LOS ANGELES (AP) — An Al Pacino movie broke out in the middle of a concert by the band Chicago, with thousands of fans serving as extras.

Cameras were wheeled onstage during intermission of the group's show at the Greek Theatre on Friday night to film a scene from Pacino's upcoming movie "Imagine," in which he plays aging rock star Danny Collins.

With coaching from the director, the crowd chanted the name of Pacino's character as the 73-year-old actor walked on stage to sing "Hey Baby Doll" in a black suit. The movie co-stars Michael Caine, Annette Bening and Jennifer Garner.

"This is an improvisation," Pacino told the crowd. "You just came in and got it. That's not easy."

Chicago's band members remained on stage to watch and clap along during the 25-minute filming. After a few takes, the crowd grew restless and there was scattered booing for the real musicians to resume playing.

Earlier in Chicago's set, Joe Mantegna of CBS' "Criminal Minds" joined his hometown band to sing "If You Leave Me Now."

Pacino returned to the stage during Chicago's encore and sang and danced to their hit "25 or 6 to 4."

"For a shy guy from the South Bronx, this has been great," Pacino said.

News Topics: Arts and entertainment, Movies, Entertainment, Concerts, Music

People, Places and Companies: Al Pacino, Michael Caine, Annette Bening, Jennifer Garner, Joe Mantegna

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
This article is published under the terms of the News Licensing Group, LLC.
privacy policy, in addition to the terms of use and privacy policy for this website.


New Democracy Warns Of SYRIZA Uprising

SYRIZA leader Alexis Tsipras With Greeks fleeing to their villages and vacations for August, the coalition government headed by New Democracy Conservative leader and Prime Minister Antonis Samaras is gearing up for trouble when they return next month and expected protests against the firing of public workers and charges the major opposition party Coalition of the Radical Left (SYRIZA) is stoking ...


Brazil Recalls IMF Rep Over Greek Criticism

Paulo Nogueira Batista Paulo Nogueira Batista, Brazil’s representative to the International Monetary Fund, who abstained from a vote granting more aid to Greece after he said the idea it could be paid back was ';delusional,'; was recalled by Finance Minister Guido Mantegna to explain himself but it was reported he won’t lose his position at the agency, where he is the ...


Peripheral bond issuances soar

Junk-rated bond issuance from peripheral European companies has soared in recent weeks and bankers are battling for the next wave of mandates as investors get increasingly comfortable at pricing risk for these credits.In the past two weeks alone, 1.6 billion euros of peripheral issuance has printed, dominated by Greek and Italian debut issuers in the Single B ratings category, accounting for ...


Mt. Athos Monks Say Politicians Unwanted

The monks living at the Holy Mount of Mt. Athos have decided not to allow the participation of any political person in the festive events for the 100th anniversary celebration in the autumn of the Athos Peninsula’s attachment to Greece The monks said they believe they are the target of ridicule for the government and aimed their complaint squarely at Deputy Prime Minister Evangelos ...


Greece Should Defy Its Gunboat Creditors

The IMF's latest report on Greece lays bares the country's grotesque situation, and exposes the charade of EMU policy. It states that public debt will reach 176 percent of GDP this year, despite the haircut already imposed on pension funds, insurers and sovereign wealth funds (Norway for instance) who loyally stood behind Greece after categorical assurances by EMU leaders that Europe ...


Mortgage market shows sings of stability

In its latest Greek mortgage market index report, on the second quarter of 2013, Fitch Ratings said the recent rise in permitted variations in certain Residential Mortgage-Backed Security (RMBS) transactions has helped stabilize the arrears levels within Greek RMBS.The portion of loans in arrears by more than three months excluding defaults as a percentage of collateral balance among Fitch-rated ...


Turks Told To Buy Up Greece

With Turkish Airlines reportedly set to snap up Greece’s beleaguered former national carrier Olympic, the Turkish Ministry of Economy is advising businessmen to invest in Greece fast, citing ';bargain'; opportunities with businesses wracked by a deep recession and the government set to sell of properties and state enterprises for what critics said is far less than their value in a ...


Kelly stripes a pose in animal-print bikini in Greece

The Sun

Kelly stripes a pose in animal-print bikini in Greece
The Sun
CURVY Kelly Brook stripes a pose in a zebra-print bikini while holidaying in Greece. The 33-year-old model and actress is on vacation with rugby ace boyfriend Danny Cipriani and a few pals. And she looked happy and relaxed as she strolled on the beach ...

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Rio de Janeiro Olympics hope to avoid turmoil and 3-year countdown begins toward 2016


Rio games try to avoid turmoil as countdown begins

by STEPHEN WADE, Associated Press - 3 August 2013 08:37-04:00

RIO DE JANEIRO (AP) — Brazil's World Cup starts in just over 10 months, and the three-year countdown for the Rio de Janeiro Olympics is starting to roll.

This should be a great moment for Brazil and for Rio, the city at the center of the festivities. Yet fierce protests at the Confederations Cup in June, a warm-up for the World Cup, and a chaotic visit to Rio last month by Pope Francis have some questioning if Brazil — and a city largely known for beach life and samba — can buckle down and pull off sports' two mega-events.

Rio's main newspaper, O Globo, raised the issue in an editorial during the pope's visit, which was plagued by massive traffic jams, power outages and an overloaded subway system. The week kicked off when the pontiff's motorcade made a wrong turn, his car swarmed over by thousands of faithful and security agents were left chasing him helplessly.

"Errors with the pope's arrival and the breakdown of the subway ... reinforce suspicions about the country's ability to be a good host," the newspaper said.

Rio Mayor Eduardo Paes termed the organization for the pope's visit "closer to zero than 10," though he offered a higher grade as the pope departed.

The country is spending about $13.3 billion of largely public money for the World Cup. The flashpoint for protesters has been 12 new or remodeled stadiums, four of which seem sure to become unused white elephants. FIFA, football's world governing body, required only eight stadiums.

Olympics organizers have yet to announce their budgets, but public spending could be similar to the soccer tournament— or higher.

Leo Gryner, chief operating officer of the Rio organizing committee, told The Associated Press in an interview he expects the capital budget — a mix of public and private money aimed at building supporting infrastructure for the Olympics — could be 35 percent above the $11.6 billion listed in the original bid.

He said the growth was partly due to inflation and the value of the Brazilian currency. In addition, the original bid did not include a $4 billion extension of Rio's subway system, he said.

Gryner said the Summer Games budget was expected to grow from $2.8 billion to as much as $4 billion. This is the budget to run the games themselves, money coming from sponsors, ticket sales and merchandising.

On Friday, Gryner said $700 million in public money may be needed to balance the operating budget. He said any shortfall comes from inflation, Brazil's slowing economy and the ability to sell local sponsorship — a key source of revenue.

"Right now as our budget stands we need this $700 million," he said.

Both the capital and operating budgets are expected to be announced later with year, with early estimates typically growing as the games approach.

Aware of FIFA's image problem, Gryner promised "no white elephants" for the Rio games. He said about 50 percent of the venues were older structures being remodeled, and the other half was split evenly between temporary structures and new, permanent structures.

Just days after the Confederations Cup ended, IOC President Jacques Rogge said the Olympics would have a role in spurring long-term infrastructure for Rio. The pope did his bit to help, blessing the Olympic and Paralympic flags with holy water — as well as visiting slums in a move that accented the disparity between the country's rich and poor.

"We'll have to explain very clearly to all the public that the investments made for the Olympic Games (are) going to give a sustainable legacy for generations to come," Rogge said. "That is the message that we are sending and we'll be making very clearly in the future."

The games open Aug. 5, 2016 — followed by the Paralympic Games — and will be spread across four vast swaths of this beachfront city, which is cut up by green hills and spectacular soaring rock faces. Slicing through the natural beauty are narrow roads, a dozen tunnels and poor city planning.

The core of the games will be in the Barra area, located in the south and miles (kilometers) away from the city's famous Ipanema and Copacabana beaches. The other areas will include the Deodoro Olympic Park in the north, Rio's Maracana stadium near the city center, and fourth core in the Copacabana area.

Soccer will be played in Rio, Sao Paulo, Brasilia, Belo Horizonte and Salvador.

Rio organizers hope to use the games to upgrade some of the city's transportation infrastructure. The three biggest projects are: a 16-kilometer (9-mile) extension of the city's subway system into the Barra area; adding four high-speed bus lanes; and, renovating a decaying port.

IOC officials have been concerned about the pace of preparations, but the situation has not reached the extent of the problems for the 2004 Olympics in Athens, which led then IOC President Juan Antonio Samaranch to issue his "yellow card" warning to Greek organizers.

Gryner acknowledged organizers got a "six to eighth month" late start on building.

"Things that happened last year produced this perception," he said. "One thing was the delay in the start of the golf course. ... Now we are on track and moving on. Up until last year, when the infrastructure work started, people were having the feeling that we are not moving."

He said the goal was to have venues ready by the end of 2015.

Local organizers have had to fend off criticism they are running behind in landing local sponsors. Missing those targets could force the government to step in and make up the shortfall.

"With three years to go we are well positioned and are fully confident of fulfilling our revenue plans," local organizers said in a statement.

IOC presidential candidate Richard Carrion, a member of the coordination commission for Rio, has hinted things must move quicker. So has former Olympic gold-medal swimmer Alex Popov, also a member of the commission.

"There are games that are better prepared and games that give us a little more trouble," Carrion said. "It's something we will have to be on top of. I know the president (Rogge) has also made them aware. We've seen these type of situations in the past. It requires constant monitoring."

The IOC coordinating commission visits Rio on Sept. 1-2, and Gryner says he'll have good news.

"We have the exact starting date for every venue, and finishing dates for every venue," he said. "We can say exactly where we are. ... I think Popov will be very happy when he leaves here."

Gryner said Brazilians support both mega-events, but question where the money is going in a country with high taxes, a slumping economy and poor schools and hospitals.

These contrasts were the focus of street battles during the Confederations Cup when police and soldiers used tear gas, shock grenades and rubber bullets to break up almost daily demonstrations. Tear gas wafted through the Maracana stadium during the tournament final between Spain and Brazil, with police just a few hundred yards (meters) away to keep protesters from circling the stadium. There were no deaths in this protest, though several fatalities were reported in earlier demonstrations.

Protests have accompanied major athletic events before and on a key point, sports economists generally agree with the demonstrators: monster events like the Olympics and World Cup do little in the short term to boost tourism or the economy. With good planning, they may help long-term infrastructure.

The '92 Barcelona Olympics are viewed as the most successful, putting a largely unknown city on the map, and also upgrading the city's roads, parks and port.

The 2008 Beijing Olympics left behind several new subway lines and a magnificent airport. But the Bird's Nest stadium, the centerpiece of the games, stands neglected as a $500 million souvenir. In Athens, many of the venues from the 2004 Olympics are desolate and weed-infested.

"Barcelona as a city was a gem that had not been discovered fully," said Andrew Zimbalist, a sports economist at Smith College in Northampton, Mass. "Unless you are in a situation like that with really intelligent political management, it's very hard to convert these games into something that's positive economically."

While Beijing put on a spectacle, it was mostly for an all-China crowd. A 2010 report by the European Tour Operators Association showed the 2008 Olympics diminished tourism in China's capital, calling it a "toxic event."

"Business and construction companies get something big out of it, and politicians get something big out of it," said Victor Matheson, a sports economist at the College of the Holy Cross in Worcester, Mass. "They figure the losses to the taxpayers are small enough and spread out enough that none of them is going to complain too much."

Wolfgang Maenning, a sports economist at the University of Hamburg, said it's a mistake to think about mega events as profit makers. They aren't, at least not for governments.

He said Germany's payoff for holding the 2006 World Cup was the intangible "feel-good factor," lifting civic pride and boosting a nation's diplomatic "soft power."

"If you are organizing a Christmas party, it will cost you money," said Maenning, who won a gold medal in rowing for West Germany in the 1988 Olympics.

"Here in Germany, everyone would say the 2006 World Cup was a good thing. You don't have to convince anyone here that you don't earn money by organizing the World Cup. But we had a lot of fun with it. But was it worth it, and what price? This is another question."


AP Sports Writer Stephen Wilson contributed to this report from London.


Follow Stephen Wade at

News Topics: Sports, Summer Olympic games, 2016 Rio de Janeiro Olympic Games, Economy, 2004 Athens Olympic Games, Olympic games, Sports governance, College sports, Mass transit systems, 2006 FIFA World Cup, Men's soccer, Professional soccer, International soccer, Disability sports, Events, Business, Transportation, General news, FIFA World Cup, Men's sports, Soccer

People, Places and Companies: Pope Francis, Eduardo Paes, Jacques Rogge, Juan Antonio Samaranch, Brazil, Rio de Janeiro, Beijing, Athens, Barcelona, South America, Latin America and Caribbean, China, Greater China, East Asia, Asia, Greece, Western Europe, Europe, Spain

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
This article is published under the terms of the News Licensing Group, LLC.
privacy policy, in addition to the terms of use and privacy policy for this website.


AEKs Soccer Downfall Another Greek Humiliation

(Photo/Newsports/AP) Supporters of AEK Athens invade the pitch after the team's April 14 "own goal" in Athens' Olympic Stadium sealed its relegation to the lowest division, and bankruptcy. ATHENS - The bad economy is hurting soccer clubs around Europe. But for Greece's storied but troubled AEK, the fall has been especially steep. Ignominiously ousted from the ...


Federal Reserve Launches Blistering Attack On The ECB In New Paper

Ben Bernanke, Mario Draghi, and Tim GeithnerThe US Federal Reserve has launched a blistering attack on the European Central Bank, calling for quantitative easing across the board to lift the eurozone fully out of its slump.

In a rare breach of central bank etiquette, a paper by the Richmond Fed said the ECB is hamstrung by institutional problems and acts on the mistaken premise that excess debt is the cause of the eurozone crisis when the real cause is the collapse of growth, which has, in turn, spawned a debt crisis that could have been avoided.

“The ECB lacks a coherent strategy for creating the monetary base required to sustain the money creation necessary for a growing economy,” said the paper, written in July by Robert Hetzel, the bank’s senior economist.

It called for direct action to buy “bundles” of small business loans, as well as “packages of government debt” across EMU states, including German Bunds. “The ECB will have to be clear that surplus countries will experience inflation above 2pc for extended periods of time,” and must be prepared to “explain to the German public” that this is desirable.

“Most important, the ECB needs to start by recognising that Europe’s problems are more than structural. It needs to stop using monetary policy as a lever for achieving structural changes and to end its contractionary policy.”

While the paper reflects the views of the author, there is no doubt that many Fed officials feel the same way.

The ECB brushed aside the advice on Thursday, leaving the main policy rate at 0.5pc. The decision to sit tight comes despite shrinking liquidity in the eurozone and a credit shock imported from the US, and amounts to “passive” tightening.

Mario Draghi, the ECB president, said there were signs of returning confidence after six quarters of recession, pointing to “gradual recovery in economic activity in the remaining part of the year and in 2014”.

The ECB has so far resisted calls from the International Monetary Fund and the OECD for more stimulus to ensure that recovery reaches “escape velocity”.

Long-term borrowing costs have jumped by more than 60 basis points across the eurozone since the Fed shifted gears in May and began to signal an early end to QE, aggravating the credit crunch across southern Europe.

The IMF warned last week that the tapering of bond purchases by the Fed risks reigniting the EMU debt crisis. “Recovery remains elusive,” it said.

The ECB has so far tried to counter the Fed shock by adopting a new policy of “forward guidance” and promising to keep rates low for a long time, but words alone have had little effect. Mr Draghi said the rise in yields is “unwarranted” and will be watched closely, a hint of future rate cuts if trouble persists, but it is unclear whether the German-led bloc of hawks in the ECB’s Governing Council is willing to go that far.

He may have undercut the dovish message by playing down any danger of deflation, describing the negative inflation rates in Spain, Greece and Cyprus (stripping out tax rises) as “one-off effects” or welcome adjustments in prices. “We don’t see self-fulfilling expectations of broad-based price decreases in any euro area country,” he said.

Jacques Cailloux from Nomura said the biggest worry is repayment of €1 trillion in bank loans under the ECB’s long-term lending programme. The banks have handed back roughly 60pc of the money, effectively draining liquidity from the financial system. While this is a healthy sign in one sense, it has automatically forced up borrowing costs such as EONIA rates.

“The ECB should be cutting rates to zero to offset this. We have had some improvement in confidence, and localised credit easing in some countries has helped, but it is a very open question whether this is a sustainable recovery,” he said.

The eurozone’s broad M3 money has been flat since October, far short of the ECB’s 4.5pc growth target. Business credit contracted at an accelerating rate of 1.6pc in June. Retail sales fell in both Germany and France in June, while the latest WDMA reading for Germany machinery orders showed a 7.6pc fall in foreign orders.

Optimists have homed in on the spate of good news from PMI confidence surveys, including the latest rise in the eurozone manufacturing PMI to a two-year high of 50.3. Even Italy has jumped above the “boom-bust” line of 50 as Rome pays off €40bn in arrears to contractors, a back-door form of stimulus.

Neil Mellor from BNY Mellon said the jump in PMI indices can be misleading after a long slump. “You have to take these with a pinch of salt. Europe is bumping along the bottom and there is nothing in sight to kick-start growth momentum. At the end of the day, yields in Italy are 4.4pc and nominal GDP is contracting, and that means debt dynamics are still unsustainable,” he said.

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A Greek bond offer hangs around even longer

A Greek bond offer hangs around even longer
FT Alphaville
Clearly they must be desperate to sell in size, despite the fact Greece keeps getting more official money to pay them, despite signs the Greek economy is improving — and despite Greek bond prices seemingly failing to respond to Japonica's terms. After ...


Stonyfield plans Tuesday organic Greek yogurt giveaway for the Hub

Stonyfield plans Tuesday organic Greek yogurt giveaway for the Hub
“Beware of Greeks bearing gifts,” a Latin poet once wrote, but presumably Virgil's epic warning doesn't apply to free Greek yogurt. In any case, folks who delight in healthful giveways might want to mark down Tuesday on their calendars. Photo taken ...
8 ways to use Greek yogurtFox News
Simply Organic® Introduces New Greek Yogurt Dip MixesPR Web (press release)

all 3 news articles »


Greek Island of Zakynthos OKs Hydroplane Port

The Port Authority on the Greek island of Zakynthos, in the Ionian Sea, on Friday rubber-stamped a proposal for the creation of the island’s first hydroplane port, following the approval of a scheme for licensing several such ports by the Ionian Regional Authority earlier in the year. The scheme, as Kathimerini online reports, aims to create air taxi links between the popular islands of ...


Greek PM Antonis Samaras plays down EU/IMF fiscal gap estimates

Greek PM Antonis Samaras plays down EU/IMF fiscal gap estimates


Many benefit from Greece woman's can-do spirit

Many benefit from Greece woman's can-do spirit
Rochester Democrat and Chronicle
Charyll Monk, the Greece Chamber of Commerce's Citizen of the Year, assists veteran Richard Campbell of Henrietta in the Veterans Outreach Center's Stars & Stripes Flag Store on South Avenue, where she volunteers. / JEFF WITHEROW ...


Greek firefighters battle blaze near Athens

ATHENS, Greece (AP) -- A dozen firefighting aircraft and about 150 firemen are battling a large wildfire coursing through a sparsely-built area east of Athens amid high winds.Greece's fire brigade says the fire broke out Friday between the towns of Markopoulo and Porto Rafti, about 20 kilometers (12 miles) from the capital.The blaze damaged outhouses, but there were no immediate reports of ...


13-year-old held for murder of two kids in Greece

A 13-year old uncle of two children has been arrested in Greece after the kids were found drowned in an irrigation channel, police said. The bodies of the two brothers from Bulgaria - aged four and seven - were found on the outskirts of Strefi village in the Peloponnese peninsula, about 350 km west of Athens, Xinhua reported. The two children were sent by their mother to deliver a package of ...


Greece Boy 13 held over younger nephews deaths

ATHENS, Greece (AP) -- A 13-year-old boy has been arrested in Greece accused of intentionally pushing his two younger nephews into an irrigation channel and leaving them to drown.According to a police statement Friday, the suspect said he was motivated by jealousy for the children, aged 4 and 8, because older family members gave them more attention.Tuesday's deaths at the southern village of ...